Empirical Financial Services adds RAIT Financial Trust (RAS) to its portfolio

RAIT Financial Trust (RAS) : Empirical Financial Services added new position in RAIT Financial Trust during the most recent quarter end. The investment management firm now holds 30,500 shares of RAIT Financial Trust which is valued at $97,905 , the company said in a statement filed on Aug 1, 2016 with the SEC.RAIT Financial Trust makes up approximately 0.03% of Empirical Financial Services’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in RAS by selling 54 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 192,533 shares of RAS which is valued at $618,031. Shinko Asset Management Ltd. added RAS to its portfolio by purchasing 3,400 company shares during the most recent quarter which is valued at $10,812.Creative Planning boosted its stake in RAS in the latest quarter, The investment management firm added 34 additional shares and now holds a total of 545,300 shares of RAIT Financial Trust which is valued at $1,744,960. RAIT Financial Trust makes up approx 0.01% of Creative Planning’s portfolio. Bnp Paribas Arbitrage Sa added RAS to its portfolio by purchasing 4,175 company shares during the most recent quarter which is valued at $12,734.

RAIT Financial Trust opened for trading at $3.19 and hit $3.28 on the upside on Thursday, eventually ending the session at $3.22, with a gain of 0.31% or 0.01 points. The heightened volatility saw the trading volume jump to 3,43,605 shares. Company has a market cap of $296 M.

RAIT Financial Trust (RAIT) is a self-managed and self-advised real estate investment trust (REIT). RAIT uses its vertically integrated platform and relationships to originate commercial real estate loans acquire commercial real estate properties and invest in manage and service commercial real estate assets. The Company operates through the following segments: real estate lending owning and managing and Independence Realty Trust (IRT). The Company’s real estate lending owning and managing segment concentrates on lending owning and managing commercial real estate assets throughout the United States. The Company’s investment may range from first mortgage loans to equity ownership of a commercial real estate property. The Company manages its investments in-house through its asset management and property management professionals.

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